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Thread: HP on the Brink
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Old Dec 28, 2001 | 2:55 pm
  #25  
hobson
 
Join Date: Dec 2000
Location: Minnesota, USA
Posts: 846
jyuu
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by snake:
The market appears to "believe" that HP will get the loan guarantees.</font>
?????????? The stock has gone from $30 in 1998 to around $10 before you know when. Down 4% to $2.60 today. The value of a share today is less then a "Happy Meal" at McDonalds.

Sad, but true.

[This message has been edited by snake (edited 12-27-2001).]
I don't quarrel with Snake's point about the decline in the value of HP stock from around $30 to around $2.40. I was only suggesting that the current price has some possibility factored in that the loan guarantees will be approved and that is why the stock hasn't tanked even more.
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